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by solosoyokaze 1944 days ago
Ridiculous examples. BTC has been consistently up for a decade (or USD has been plummeting that long, depends how you look at it).

> Where would you put your money now that bitcoin is 50k?

BTC of course. USD is only going to continue to drop.

1 comments

Let me give you an example:

I invested a nice sum of money in November 2019.

Option 1: BTC from 9300 to 48000 means 5x

Option 2: TSLA from 62 (pre-split) to 796 means 12x. (much much more via calls)

Which do you think I went for? Which strategy do you think will continue to make reliable money in the future?

You're cherry picking a single point in time that happens to work with one stock (one might also argue the move to electric vehicles is actually a world changing event ala bitcoin).

What about November 2018 or November 2017? Like I said, Bitcoin has consistently been up in the long term for the past decade.

"You're cherry picking a single point in time that happens to work with one stock"

SO you mean EXACTLY what you're doing with BTC?

I swear the BTC cult rivals the Qanon crazies in cognitive dissonance.